BNK Busan Bank Waives Early Repayment Fees on Household Loans Until Year-End
BNK Busan Bank announced on the 4th that it will waive early repayment fees on all household loans until the 31st of this month.
Accordingly, even if the borrower repays the loan amount with their own funds within three years from the loan date, they can receive a full waiver of the early repayment fee.
However, some products entrusted for sale or transferred through agreements with other institutions, such as loans from the Housing and Urban Fund and the Korea Housing Finance Corporation, are excluded from the waiver.
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Bang Seong-bin, President of Busan Bank, stated, “To alleviate the repayment cost burden for local customers and marginalized groups at the end of the year, we have decided to waive early repayment fees on all household loans. Going forward, Busan Bank will continue to review and discover win-win financial solutions as a leading regional financial institution.”
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